Starwood completed the acquisition of 11 communities of Hines for $800m.

Starwood, a private investment firm, completed the acquisition of 11 communities of Hines, a global real estate investment manager, for $800m. "This transaction showcases the deep investment appetite for well-located, master- planned communities that deliver much-needed housing to high-growth markets, and capitalizing on tailwinds in the living sector. Single-family housing, and the living sector generally, is a high-conviction investment theme for Hines globally. We are delighted with the success of this deal, which enables us to continue to build our market-leading Living portfolio across the world, on behalf of our clients," Ray Lawler, Hines Managing Partner.